Global Polyethylene Furanoate Market to 2025: Focus on Application, Market Share Analysis and Capacity Development - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Jul 31, 2018--The “Global Polyethylene Furanoate Market: Focus on Application (Bottle, Film, and Fiber), Market Share Analysis, and Capacity Development - Analysis and Forecast, 2018-2025” report has been added to ResearchAndMarkets.com’s offering.
The PEF market was valued $167.9 thousand in 2017 and is expected to reach $129.3 million by 2025. The market in terms of value is expected to grow at 31% from 2019 to 2025 after its commercialization.
Whereas, in 2017, the market in terms of volume was 40 tons, which is expected to reach 81.9 kilotons by 2025. The market in terms of volume is expected to grow at 50.7% from 2019 to 2025 after its commercialization.
The backing of leading packaging companies for the development of the PEF market and the development of PEF production at a commercial scale are expected to help the market to grow.
The bottle application of PEF is expected to replace PET in large volumes in the packaging industry. The development of PEF bottles has been supported by leading consumers, such as Danone, Nestle S.A., Swire Pacific Ltd., Toyo Seikan Co., Ltd., and The Coca Cola Company, further driving the growth of PEF bottles.
Moreover, initiatives taken by leading chemical companies such as MITSUI CO., LTD. and Avantium to promote PEF beverage bottles on a large scale at major events such as the Tokyo Olympics in 2020 is expected to further drive the growth of this application.
DriversOngoing Quest to Decrease the Global Carbon Footprint Downgauging Possibilities in Films and Bottles Suitability for Bottles and Containers Requiring Better Barrier Properties
RestraintsThreat from Other Bio-Based Materials Competing with an Existing Value Chain
OpportunitiesDeveloping New Applications Occupying Share in Global Packaging Market
Key Topics Covered
1 Exponential Growth in PEF Production
2 Market Dynamics
3 Competitive Landscape
4 Industry Analysis
5 Competitive Analysis of PET vs. PEF
6 Global Polyethylene Furanoate Market (by Application)
7 Global PEF Market (by Region)
8 Company ProfilesALPLA Werke Alwin Lehner GmbH & Co KG AVA Biochem AG Avantium Corbion nv Danone MITSUI & CO., LTD. Swire Pacific Ltd. Synvina Tereos Toyo Seikan Co., Ltd. Toyobo Co., Ltd.
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Related Topics:Plastic Films
INDUSTRY KEYWORD: MANUFACTURING CHEMICALS/PLASTICS
SOURCE: Research and Markets
Copyright Business Wire 2018.
PUB: 07/31/2018 11:53 AM/DISC: 07/31/2018 11:53 AM